You’re asking for exactly what they want you to ask for. You get a 1600 check a month, shut up and be happy. We will be eating out of garbage cans by next summer
Actually the whole 2008 collapse goes back a bit. In 2006 or 2007 there was a group of states trying to sue the national banks for predatory lending practices. That case was denied with idea states had no standing to sue an national bank. Because the bank spanned beyond an individual states jurisdiction. The states then took this to the federal government to get them to proceed. Was ignored by the Federal Government.
Before that under Clinton they repealed an act that kept savings banks separate from investment banking. With that repealed banks where then taking peoples savings accounts and acting that as leveraged assets to make larger stock investments. The whole thing was ridiculous securities, hedging, bundling assets, fictitious asset ratings... the whole system was built on smoke and mirrors.
The one clear issue when looking at decades of decline across the United States is the Federal government. All the States should just secede from DC. That is the heart of this country's problems.
Did bankers break the laws or followed them? When the government sets laws such as "we are here to protect you and here is FDIC to protect your savings," in translation, this means that banks are free to speculate as they wish, because government will simply cover any and all loses. Get the government out of business and Banks will simply end up crashing for their practices instead of getting bailouts.
They will be arresting people from WSB and demed up charges by the end of next week
They only care about making themselves richer and screwing blue collar workers along the way.
Hussien looks like such a faggot.
You’re asking for exactly what they want you to ask for. You get a 1600 check a month, shut up and be happy. We will be eating out of garbage cans by next summer
Actually the whole 2008 collapse goes back a bit. In 2006 or 2007 there was a group of states trying to sue the national banks for predatory lending practices. That case was denied with idea states had no standing to sue an national bank. Because the bank spanned beyond an individual states jurisdiction. The states then took this to the federal government to get them to proceed. Was ignored by the Federal Government. Before that under Clinton they repealed an act that kept savings banks separate from investment banking. With that repealed banks where then taking peoples savings accounts and acting that as leveraged assets to make larger stock investments. The whole thing was ridiculous securities, hedging, bundling assets, fictitious asset ratings... the whole system was built on smoke and mirrors.
The one clear issue when looking at decades of decline across the United States is the Federal government. All the States should just secede from DC. That is the heart of this country's problems.
The Financial Crisis was caused by their friends at Freddie Mac and Fannie Mae.
Did bankers break the laws or followed them? When the government sets laws such as "we are here to protect you and here is FDIC to protect your savings," in translation, this means that banks are free to speculate as they wish, because government will simply cover any and all loses. Get the government out of business and Banks will simply end up crashing for their practices instead of getting bailouts.